The major objective of the Federal Reserve System is to:
a. make substantial profits for its member banks
b. help in generating stabilization policies for the economy.
c. distribute paper money and coins to banks and retail stores.
d. prevent closure (failure) of individual member banks.
b
Economics
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If the interest rate increases, there is a(n)
A) increase in the demand for money. B) decrease in the demand for money. C) increase in the quantity of money demanded. D) decrease in the quantity of money demanded.
Economics
Suppose you make a $5,000 investment that will return $3,000 in year 2 and another $3,500 in year 4. With an interest rate of 4.5%, what is the NPV of this project?
A. $247.34 B. $682.16 C. $1,500.00 D. $2,162.50
Economics